SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY) Sets New 52-Week High – Still a Buy?

SPDR SSgA Multi-Asset Real Return ETF (NYSEARCA:RLY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $37.22 and last traded at $37.17, with a volume of 146958 shares trading hands. The stock had previously closed at $36.91.

SPDR SSgA Multi-Asset Real Return ETF Stock Up 0.7%

The firm has a 50 day moving average of $36.13 and a two-hundred day moving average of $33.69. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.02 and a beta of 0.47.

Institutional Investors Weigh In On SPDR SSgA Multi-Asset Real Return ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in SPDR SSgA Multi-Asset Real Return ETF by 27.0% in the first quarter. Royal Bank of Canada now owns 8,131 shares of the company’s stock valued at $232,000 after purchasing an additional 1,729 shares during the last quarter. Jane Street Group LLC raised its position in SPDR SSgA Multi-Asset Real Return ETF by 243.1% in the first quarter. Jane Street Group LLC now owns 97,124 shares of the company’s stock valued at $2,772,000 after purchasing an additional 68,818 shares during the last quarter. Cetera Investment Advisers raised its position in SPDR SSgA Multi-Asset Real Return ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 19,930 shares of the company’s stock valued at $580,000 after purchasing an additional 607 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR SSgA Multi-Asset Real Return ETF by 52.4% in the second quarter. Raymond James Financial Inc. now owns 315,239 shares of the company’s stock valued at $9,170,000 after purchasing an additional 108,343 shares during the last quarter. Finally, Curi Capital LLC raised its position in SPDR SSgA Multi-Asset Real Return ETF by 1.7% in the second quarter. Curi Capital LLC now owns 282,230 shares of the company’s stock valued at $8,210,000 after purchasing an additional 4,611 shares during the last quarter.

SPDR SSgA Multi-Asset Real Return ETF Company Profile

The SPDR SSgA Multi-Asset Real Return ETF (RLY) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively-managed fund that attempts to hedge against inflation by investing in funds with exposure to real estate, commodities, TIPS and natural resources companies. RLY was launched on Apr 25, 2012 and is managed by State Street.